I think we’ll go back down next week as the fear continues about the debt ceiling. This whole move up looks pretty impulsive too me, and that indicates it won’t last. While past history of candle patterns say that we should have a slightly higher high on Monday (this assumes a close up here in this area today) I get the feeling they won’t.
If no real progress is made over the weekend we could see this come tumbling back down Monday morning with no bears short and all the bulls long. Surprises and misdirection is the name of the game here and it’s probably wise to exit all longs today and take a small short over the weekend in case TSHF…
Hang in there… the rally isn’t done yet but “yes” there should be some type of selling happening, but it’s just a pullback I think before another move higher. What we must have had today was some type of powerful wave 3 up, so a wave 4 down will be next and then a final wave 5 up after that.
New FP… http://screencast.com/t/poDzUyzkPmmN
I think we’ll go back down next week as the fear continues about the debt ceiling. This whole move up looks pretty impulsive too me, and that indicates it won’t last. While past history of candle patterns say that we should have a slightly higher high on Monday (this assumes a close up here in this area today) I get the feeling they won’t.
If no real progress is made over the weekend we could see this come tumbling back down Monday morning with no bears short and all the bulls long. Surprises and misdirection is the name of the game here and it’s probably wise to exit all longs today and take a small short over the weekend in case TSHF…
Gold chart analysis: http://niftychartsandpatterns.blogspot.in/2013/10/gold-head-and-shoulders-pattern.html
Is this what our markets have become?
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/10/20131010_ES3_0.jpg
http://www.zerohedge.com/news/2013-10-10/stocks-collapse-after-obama-rejects-republican-proposal
I sent it to your email around 2:30 pm today (est) so look for it in your spam folder if you didn’t get it.
I resent it again… check your spam folder incase it landed in it? It should be coming from red (at) reddragonleo (dot) com
Hang in there… the rally isn’t done yet but “yes” there should be some type of selling happening, but it’s just a pullback I think before another move higher. What we must have had today was some type of powerful wave 3 up, so a wave 4 down will be next and then a final wave 5 up after that.
Dow Jones analysis after Closing bell: http://niftychartsandpatterns.blogspot.in/2013/10/dow-jones-analysis-after-closing-bell_11.html
thanks Leo
received ur email
Subject: Re: New comment posted on The Stage Is Being Set For A Possible 3000 Point Drop In The Dow…
http://economiccollapse2015.blogspot.com/
there are some pretty direct confirmations on this one